Nuveen LLC Invests $78.90 Million in AECOM (NYSE:ACM)

Key Points

• Nuveen LLC acquired over 850,000 shares of AECOM, worth approximately $78.9 million, increasing its stake to about 0.64% by the end of the last quarter.
• Several institutional investors increased their stakes in AECOM, leading to an overall institutional ownership of 85.41% of the company's stock.
• AECOM's recent quarter reported earnings of $1.34 per share, beating expectations, with a revenue of $1.94 billion, which marked a 6.2% increase compared to the same quarter last year.

Nuveen LLC acquired a new position in shares of AECOM (NYSE:ACM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 850,854 shares of the construction company's stock, valued at approximately $78,900,000. Nuveen LLC owned about 0.64% of AECOM as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC grew its position in shares of AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after buying an additional 166 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of AECOM in the 4th quarter valued at about $35,000. Private Trust Co. NA lifted its stake in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the period. Eastern Bank acquired a new position in shares of AECOM in the 1st quarter valued at about $49,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of AECOM by 148.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after purchasing an additional 354 shares during the period. Institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACM. Royal Bank Of Canada boosted their price objective on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group boosted their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. KeyCorp boosted their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup reissued a "buy" rating and issued a $137.00 price objective (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Finally, Barclays boosted their price objective on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $128.44.

AECOM Stock Performance

Shares of ACM stock traded down $0.73 during trading on Friday, hitting $119.39. The company's stock had a trading volume of 519,242 shares, compared to its average volume of 938,251. The company has a market cap of $15.81 billion, a PE ratio of 26.01, a P/E/G ratio of 1.77 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average of $114.19 and a 200-day moving average of $104.85. AECOM has a 52 week low of $85.00 and a 52 week high of $122.04.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%. AECOM's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. As a group, research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio is 22.66%.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.